IRA investors looking to buy real estate with retirement funds in cities with an upsurge in millennials
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions, has seen a growing trend amongst self-directed IRA LLC real estate investors looking to buy homes in cities with an upsurge in millennials, which accounted for one-third of the U.S. population in 2013. The millennial generation is often referred to people whose birth years range from the early 1980s to the early 2000s. Many self-directed IRA real estate investors believe that with the baby boomer generation heading towards retirement and possibly downsizing, buying an investment property in a city with an upsurge in millennial should prove to be a successful investment. Real estate markets such as Austin, Dallas, Denver, Des Moines, Iowa, Minneapolis, New Orleans, Salt Lake City, Seattle, Madison, Nashville, and Washington DC are popular cities where self-directed IRA real estate investors are looking to for investment opportunities.
“Many of our self-directed IRA clients believe that in 2015 the mortgage underwriting standards will be less strict making it easier for the millennial generation to buy homes,“ stated Adam Bergman, a tax partner with the IRA Financial Group.
IRA Financial Group’s Self-Directed IRA for real estate investors, also called a real estate IRA with checkbook control, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. The Self-Directed IRA LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the Roth IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA owner will have control over the IRA assets to make the investments he or she wants and understands. The IRS has always permitted one to use retirement assets to purchase real estate rental properties.
“With IRA Financial Group’s self-directed IRA LLC solution, investors can make real estate purchases and generate tax-deferred rental income or tax-free rental income in the case of a self-directed IRA. Self-Directed IRA investors are looking to follow the millennial generation into the markets they are moving to in order to be able to make tax-deferred funds through rental investments or house flipping, “ stated Mr. Bergman.
Instead of buying real estate with personal funds and being subject to tax on the income or upon the disposition of the asset, a Self Directed IRA real estate LLC with Checkbook Control will allow one to buy real estate, including rental properties without paying tax immediately.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market’s leading “checkbook control” Self Directed IRA Facilitator. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.